The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1887-05-11
THE WESTERN BOOM.
ST. Joseph, Mo-, Still Leading All COMPETE
tors I'm Real Estate Deals nnd the Acaui-
sftion of Substantial Enterprises.

s..Jo.eph. Mo-. Still Leading All COMPETE
tors I'm Real Estate Deals nnd the Acaui'
sition of Substantial Enterprises.
The most noticeable real estate activity
continues to prevail at st. Joseph, Mo-,
saws correspondent of an Eastern paper
Packing houses and other industrial ell
terprises, among them the Louisiana To-
bacco Works, are going in ut lively
rate; one of the chief evidences of the
growth of the city being the granting of q
franchise to syndicate of Kansas City
capitalists for the construction of an ex-
tensive system Of cable lines, to be COM
menced at once, and to cost $500, ,0O0.
The best evidence, however, is in the show
ing of actual transactions closed in one week
recently: w. A. P. Mcdonald bought %
lots in Eastern Extension for Sl0,500. He
sold 81 Of them for $1,000, and sold
the balance at an advance Of $40 per foot
in cost. Sam Nave and J. S. Britton
bought a lot in Patees addition for
$4,000 and sold for $1,000 in four days.
w. II. Constable bought lot =, block 81.
st. Joseph Extension, for $500, and sold
for $3.50. J. S. Blackwilder, of Chicago:
bought eighty feet. southeast corner of
Third and Sylvanie. for $4,000, and has
been offered nearly double that for it and
refused it. J. NJ. Hill paid $1,000 for
northeast corner of Second and Francis,
and has since refused SIS, 600. G. W. Brown
bought two lots on st. Joseph avenue Tor ST.
800. and sold in six days for 5000. John
Kelly bought two lots in Eastern Extension;
he paid $500; in thirty days he sold for $500;
it has since been resold for $1,000
j. F. Tyler bought lot in Eastern Ex-
tension for s125 and sold to Hubbard for
$500, who has since been offered SIOO. L.
E. Carter bought lot in January in Kem-
per's addition for 500. In three days
after he was offered 81 900, and since then
addition for $4,000; sold for 10000, and
his purchaser sold for $S,000 Mrs N.
NJ. Brewster bought three lots for $500
and sold for $1,15O in three days, and in
four days they were resold for 81 400, D.
e. Griswold bought six lots in East ST.
Joseph for $500 and sold the next day
for $3.50; also three others for $500
and resold in three weeks for 81 900,
One of the publishers of Hoye's Direc-
tory, speaking of the Western cities and the
prevailing boom, writes as follows of St
Joseph, where he has just issued the Di-
rectory for 1887: "Not only has St. Joseph
increased in population at a most satisfac-
tory rate, there being an increase in one
year of 5,S46, while the total population in
round numbers is shown to be 6O,OOO; but
she has undergone spirited revival that
augurs the 'outstripping of all competition.
Ten years ago the city had scarcely dozen
manufactures. whereas the year ~ finds
her with some 10 of oil kinds, with thirteen
railroads, the largest stockyards west of
Chicago some thirteen miles Of streets.
paved with asphaltum, and as many miles
more under contract, with the electric motor
soon to be in operation on two of the car
lines. and the cable line an assured fact, and
new enterprises springing up daily on every
hand. The demand for real estate has
been steady and active. For the past year
st. Joseph has led almost continually the
other cities of the United States in bank
clearances, the per cent. of increase over
1886 reaching in one case l40.7, and up to
date maintaining an average Of almost loo
Down to Dec. 81, 1886, st. Joseph's job
bing houses did business of $llO.5Sa,- :
600, showing an increase in the business Of
1886 over that of 1865 of S23, III ,02S. A
fair indication of the increasing business
may be sought in the fact that St. Joseph
now employs force of commercial travellers
numbering lob men,
St. Joseph, more than any other West
ern town, offers the best inducements to
men Of small capital to commence manu-
featuring business, and to mechanics and
laborcrs to find employment and build de-
sirablo homes